Fjarde AP Fonden Fourth Swedish National Pension Fund Has $18.24 Million Holdings in Cintas Corporation $CTAS

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in shares of Cintas Corporation (NASDAQ:CTAS) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,976 shares of the business services provider’s stock after selling 2,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Cintas were worth $18,238,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Triumph Capital Management acquired a new stake in shares of Cintas during the third quarter valued at approximately $29,000. Camelot Portfolios LLC acquired a new stake in shares of Cintas during the fourth quarter valued at approximately $26,000. Key Capital Management INC acquired a new position in Cintas in the 4th quarter valued at approximately $28,000. Ares Financial Consulting LLC acquired a new position in Cintas in the 4th quarter valued at approximately $32,000. Finally, Basepoint Wealth LLC acquired a new position in Cintas in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Insider Activity at Cintas

In other news, Director Ronald W. Tysoe sold 4,666 shares of the stock in a transaction on Monday, April 20th. The shares were sold at an average price of $178.87, for a total transaction of $834,607.42. Following the transaction, the director owned 22,448 shares in the company, valued at $4,015,273.76. This represents a 17.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 14.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on CTAS shares. Bank of America started coverage on shares of Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price objective on the stock. UBS Group reiterated a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Stifel Nicolaus dropped their price objective on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Robert W. Baird upgraded shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective on the stock in a research note on Wednesday, March 11th. Finally, Weiss Ratings lowered shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Cintas presently has a consensus rating of “Hold” and a consensus target price of $215.17.

Cintas Stock Performance

Shares of CTAS opened at $179.85 on Friday. The company’s fifty day moving average is $172.59 and its 200-day moving average is $184.49. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $229.24. The firm has a market cap of $71.96 billion, a price-to-earnings ratio of 50.81, a price-to-earnings-growth ratio of 2.86 and a beta of 0.94. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 0.51.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.24 EPS for the quarter, hitting the consensus estimate of $1.24. Cintas had a net margin of 17.57% and a return on equity of 41.47%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the business posted $1.13 EPS. Cintas’s quarterly revenue was up 8.9% on a year-over-year basis. Equities analysts expect that Cintas Corporation will post 4.89 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, May 15th. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. Cintas’s dividend payout ratio is 50.85%.

Cintas Company Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.